Very well priced Fully rented Mixed Use multifamily and commercial space building for sale. Right down the road from Kingston Yard Development, 508 3rd contains 5 1Bed multifamily units with a commercial space facing 3rd Ave. Although this property will have some maintenance/rehab as any... It has both long term and short term investment benefits many will notice.
Sold for $121,000 on 02/24/25
$121,000
508 3rd Ave SW, Cedar Rapids, IA 52404
--beds
--baths
1,591sqft
Multi Family
Built in 1900
-- sqft lot
$123,000 Zestimate®
$76/sqft
$778 Estimated rent
Home value
$123,000
$114,000 - $132,000
$778/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: February 24, 2025 at 01:38pm
Listed by:
Jack Brundell 319-432-2878,
GLD COMMERCIAL
Bought with:
Jack Brundell
GLD COMMERCIAL
Source: CRAAR, CDRMLS,MLS#: 2408263
Originating MLS: Cedar Rapids Area Association Of Realtors
Originating MLS: Cedar Rapids Area Association Of RealtorsFacts & features
Interior
Appliances
- Laundry: Common Area
Features
- Basement: Full
Interior area
- Total interior livable area: 1,591 sqft
Property
Parking
- Parking features: Parking Space(s)
Lot
- Size: 4,181 sqft
- Dimensions: 30 x 140
Details
- Parcel number: 142917901200000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Vinyl Siding
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Cedar Rapids
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 2/24/2025 | Sold | $121,000-13.6%$76/sqft |
Source:  CRAAR, CDRMLS #2408263 | ||
| 1/11/2025 | Pending sale | $140,000$88/sqft |
Source: CRAAR, CDRMLS #2408263 | ||
| 12/8/2024 | Listed for sale | $140,000+20.7%$88/sqft |
Source: CRAAR, CDRMLS #2408263 | ||
| 10/31/2018 | Sold | $116,000+0.9%$73/sqft |
Source: CRAAR, CDRMLS #1804428 | ||
| 9/7/2018 | Price change | $115,000-8%$72/sqft |
Source: REVOLUTION REALTY TEAM #1804428 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,358 +7.7% | $133,200 |
| 2023 | $2,190 -20.9% | $133,200 +28.3% |
| 2022 | $2,770 +15.5% | $103,800 +1.8% |
Find assessor info on the county website
Neighborhood: Taylor
Nearby schools
GreatSchools rating
- 4/10Taylor Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 2/10Wilson Middle SchoolGrades: 6-8Distance: 1.3 mi
- 1/10Thomas Jefferson High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: Taylor
- Middle: Wilson
- High: Jefferson
Source: CRAAR, CDRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$123,000
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With Zillow Showcase(estimated)
$125,460